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Do you know that FTMO will be broker soon?
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FTMO, a leading prop trading industry figure, is boldly moving into the retail brokerage space. The company has appointed Michael Kamerman as the Chief Executive Officer of its new brokerage division, signaling a strategic shift aimed at broadening its business horizons. Co-founders Otakar Suffner and Marek Vasicek will continue to steer the FTMO Group as CEO and CTO, respectively.
Expanding Beyond Prop Trading
FTMO’s foray into the retail brokerage industry is part of a comprehensive long-term strategy. The decision to bring Kamerman on board reflects a calculated approach to leverage his extensive experience in the forex and contracts for differences (CFDs) markets.
As of now, the timeline for launching FTMO’s brokerage services remains undisclosed, leaving market observers eager for further details. The initial target markets for these services have also yet to be revealed. Additionally, the transition into retail brokerage necessitates obtaining proper regulatory licenses, a process on which FTMO has yet to provide updates.
Navigating Industry Dynamics
The prop trading sector is relatively nascent but has seen explosive growth recently. While many established retail brokers like OANDA, Axi, and Hantec Markets are venturing into prop trading, FTMO is charting the opposite course by entering the retail brokerage domain. Founded in 2015, FTMO is among the pioneers of prop trading, boasting over 1.5 million signups. The firm is known for its prop trading services offered through demo trading accounts, a standard practice in the industry.
Michael Kamerman acknowledged the dynamic nature of the online trading landscape, praising FTMO’s innovative and client-centric approach. “The needs of traders are changing constantly, and FTMO has caught lightning in a bottle. Their business is one built on product and relentless customer focus. Their ongoing drive to innovate and launch trader-first solutions caught my eye years ago,” he stated.
A Leadership Built on Experience
Kamerman’s extensive background in the brokerage industry positions him well to lead FTMO’s new division. Most recently, he served as the CEO of Skilling, a Cyprus-licensed FX and CFDs broker. During his tenure, Skilling raised €10 million to fuel its expansion and closed 2023 with record highs in client acquisition, trading volume, net revenue, and EBIT performance.
Kamerman’s career began at FXCM, where he spent 15 years ascending from Sales Associate to Managing Director. Suffner emphasized the significance of Kamerman’s experience.
Looking Ahead
FTMO’s transformation into a brokerage company is pivotal in its growth story. With Kamerman at the helm of the brokerage division, the company is poised to tackle new challenges and seize opportunities within the retail brokerage space. This move reflects FTMO’s adaptability and vision and reinforces its commitment to innovation and meeting the evolving needs of traders worldwide. Stay tuned as FTMO prepares to unveil more details about its ambitious expansion into the brokerage industry.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
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